Monday, 21 January 2019
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--

Gold Will Retain Gains Through H1 2018 - BNP Paribas
Monday, 5 February 2018 14:58 WIB | GOLD CORNER |Gold OutlookGold Corner

Gold will be keeping January's gains throughout the first half of 2018, according to BNP Paribas, but will face downward pressure in the second part of the year as the Federal Reserve proceeds with normalization of monetary policy.

œRising inflation expectations and a weak dollar, as long as they last, provide the support for gold's current trading levels, Harry Tchilinguirian, senior commodity strategist at BNP Paribas, said in the Precious Metals Market Comment published on Friday.

œOur gold (period average) forecast for 2018 is revised slightly higher at USD 1315/oz (+USD 60/oz). We initiate a first view for 2019 with a period average of USD 1170/oz, Tchilinguirian wrote.

Gold prices have been benefitting from a weaker U.S. dollar despite three rate increases in 2017 and firm expectations of more rate hikes in 2018.

œWith upward revisions to the economic and inflation outlooks in the US and the eurozone, investor interest in gold will likely remain in place, the note added.

Also, gold received a boost this year as investors chose the metal as a hedge against surging equity markets, Tchilinguirian said.

But, in the second part of the year, inflation is looking to œmoderate and real yields are expected to rise, which will increase the opportunity cost of owning gold.

œThe Fed will continue to plot a steady course in normalizing rate policy in 2018. On the back of the latest FOMC significantly upgrading language around economic outlook, we now see four rate hikes in 2018 and one more in 2019, Tchilinguirian wrote. œWith base-effects keeping inflation readings at bay, the longer term direction of monetary policy would in turn suggest greater downside risk to gold prices.

BNP Paribas said that upside is limited for gold, but also pointed out that downside risks are unlikely until œbond yields push much higher in H2 2018.

Source: Kitco News

RELATED NEWS
Gold To Top $1,300 In Next 3 Months, Rise 10% In 2019 - Goldman Sachs...
Monday, 14 January 2019 22:00 WIB

Emas akan terus bersinar sebagai aset safe-haven dengan harga terdorong ke atas $ 1.300 per ons dalam tiga bulan ke depan, menurut perusahaan investasi raksasa Goldman Sachs. Dalam sebuah catatan kep...

Outlook 2019: The Most Bullish Views So Far...
Monday, 7 January 2019 11:30 WIB

Para bulls emas kembali. Setelah setahun melihat harga emas lebih lemah, investor dan analis sama-sama mengadopsi optimisme baru untuk tahun baru. Meskipun sentimen dalam seri Outlook 2019 kami telah ...

Gold Will Rally 22% In 2019, Outperform Everything...
Monday, 31 December 2018 22:40 WIB

2019 akan melihat awal siklus bull baru untuk emas dan mendorong logam hingga level $ 1.500 per ounce, kata E.B. Tucker, direktur Metalla Royalty & Streaming. œUntuk menghasilkan banyak uang di...

CPM Group Sees Gold Averaging Near $1,300/Oz In 2019...
Monday, 17 December 2018 21:58 WIB

CPM Group melihat harga emas untuk naik tahun depan seiring Federal Reserve memperlambat laju kenaikan suku bunga AS, namun konsultan itu tidak mengharapkan logam kuning untuk lari lebih jauh ke atas ...

Wall St., Main St. Expect Gold To Keep Shining...
Monday, 10 December 2018 13:04 WIB

Wall Street dan Main Street keduanya melihat emas untuk membangun pergerakan minggu lalu untuk bergerak lebih tinggi selama minggu depan, berdasarkan survei emas Kitco News. Pengamat memperkirakan la...

LATEST NEWS
Hong Kong, Shanghai Stocks End Week With Gains

Hong Kong stocks finished another healthy week on a positive note Friday as investors cheered a report that the US is considering lifting Chinese tariffs in a bid to hammer out a trade deal between the world's top two economies. The Hang Seng...

Dow Logs 300-Point Gain as Stocks String Together Four-Day Winning Streak

U.S. stocks ended the week strong on Friday, booking a four-day streak of gains, after reports that Washington and Beijing were debating concessions to help secure an eventual resolution to the ongoing U.S.-China trade dispute. The S&P 500...

U.S. Oil Prices Finish Higher, Lift Weekly Gain to More Than 4%

Oil futures climbed on Friday, with U.S. prices tallying a weekly gain of more than 4% as optimism surrounding progress toward a resolution of the U.S.-China trade dispute eased worries about energy demand. Data from Baker Hughes Friday also...

POPULAR NEWS
Gold Pulls Back From 2-Week High as $1,300 Mark Proves Elusive
Friday, 18 January 2019 02:13 WIB

Gold futures pulled back on Thursday from the nearly two-week high they settled at a day earlier, as the psychologically important $1,300 line...

Gold Holds Drop as Investors Weigh Trade Developments
Friday, 18 January 2019 14:13 WIB

Gold held a decline amid optimism for progress in U.S.-China trade talks that boosted equities in Asia Friday and Treasury yields overnight....

Gold Futures Suffer First Weekly Decline Since Mid-December
Saturday, 19 January 2019 02:09 WIB

Gold futures fell on Friday, suffering from their first weekly decline since mid-December as optimism surrounding the U.S.-China trade dispute...

Hong Kong, Shanghai stocks end week with gains
Friday, 18 January 2019 15:49 WIB

Hong Kong stocks finished another healthy week on a positive note Friday as investors cheered a report that the US is considering lifting Chinese...